Eligibility criteria for new account/relationship, calculated at a Customer ID level or Family ID# level:
On-going eligibility criteria for existing account/relationship, calculated at a Customer ID level or Family ID# level:
Please note that Burgundy Private Savings Account is mandatory for induction into Burgundy Private.
Total Relationship Value
^ Total Relationship Value (TRV), aggregated at Customer ID or Family ID# level, is composed of:
|Liability Relationship||Savings Account, Current Account**, Term Deposits, Recurring Deposits and/or Specified Investment Relationships, PIS Accounts (for NRI’s)|
|Investment* Relationship||Mutual Funds, Life Insurance, Private Equity Funds (Commitment amount), Structured Products, Discretionary Portfolio Management Service, Non-Discretionary Portfolio Management Service, RBI Bonds*, PPF*, NPS* and other Alternate Assets|
Accounts of customers who do not maintain any one of the mentioned criteria will be converted to a lower category Savings Account with appropriate advance intimation; fees and charges of the lower SB A/c will apply accordingly
Average Quarterly Balance (AQB) will be considered in case of Savings & Current Account.
*Investment through Axis Bank to be considered
#Family ID is generated at the time customer enrolls into Family Banking Program
**Subject to family banking / grouping & applicable only for Resident individual, Sole Proprietor, HUF, Partnership, LLP, Private Limited Companies
Burgundy Private customers can extend their exclusive Burgundy Private privileges to their family members as under:
Axis Bank reserves the right to change the benefits offered as part of the services.
For more, visit: www.axisbank.com/burgundyprivate
The terms and conditions mentioned in eligibility criteria are subject to modification from time to time solely at Bank's discretion.